Has Anyone Listened To What This Lady Is Saying?

Yesterday Breitbart posted an article about Saule Omarova, President Joe Biden’s nominee for the Office of the Comptroller of the Currency (OCC).

The article reports on some of her statements regarding her plans for America:

Omarova spoke at the Law and Political Economy (LPE) Project’s “Law & Political Economy: Democracy Beyond Neoliberalism” conference in March.

Omarova discussed one of her papers, “The People’s Ledger How to Democratize Money and Finance the Economy,” which would help “redesign” the financial system and make the economy “more equitable for everyone.”

She said it would change the “private-public power balance” and democratize finance to a more systemic level.

During her explanation of her paper, she said that the Federal Reserve, the nation’s central bank, can only use “indirect levers” to “induce private banks to increase their lending.”

Her paper calls for eliminating all banks and transferring all bank deposits to “FedAccounts” at the Federal Reserve.

During her conference speech, she said, “There will be no more private bank accounts, and all of the deposit accounts will be held directly at the Fed”:

Please follow the link to the article to see the video.

The article reports:

Omarova said her proposal would give the Fed more “proactive” monetary policy tools, such as “helicopter money.” She also pondered how the Federal Reserve could “take money” from Americans during an inflationary environment.

A former senior government official told Breitbart News that if the Senate were to confirm Omarova, she would have the “most powerful, least accountable” position over America’s banking system.

When talking about FedAccounts, the former senior government official said, “The Democratic Party over the last couple of administrations, they want the government to essentially take over a lot of financial functions from banks.”

We need to keep this lady as far away from our currency as possible.